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The Economist — Economy — Economic Growth — Inflation — Finance — Labor Market

America’s astonishing economic growth goes up another gear

The American economy continues to grow at a rapid pace, raising concerns about inflation as new data shows strong performance in various sectors.

1 min read
  • The American economy is on track for annualized growth of nearly 6% in the third quarter.
  • New orders for manufacturing firms reached their highest in nine months in July.
  • Retail sales were perky last month, with consumers splurging on various goods.
  • The labor market remains hot, with the unemployment rate at a five-decade low of 3.5%.
  • The worry is that such strong growth may lead to long-lasting inflation.
America’s astonishing economic growth goes up another gear
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